24th Sep 2018 08:38
LONDON (Alliance News) - FTSE 250-listed property development company Great Portland Estates PLC said Monday that it has appointed Richard Mully as chairman, effective from February 1, 2019.
Mully will be replacing Martin Scicluna, who will retire on January 31 after nine years in the role.
Mully has been part of Great Portland Estates for two years since 2016, first starting as non-executive director. He is currently non-executive at Standard Life Aberdeen PLC and vice-chairman of Alstria Office REIT-AG.
"I am delighted that Richard has been selected to succeed me as Chairman and I wish him and the company every success. It has been a privilege to serve on GPE's board for the past ten years and I have thoroughly enjoyed working with Toby Courtauld and the GPE team. The company is in great shape with its robust financial position enabling management to continue to capitalise on both internal and market opportunities," said Chairman Martin Scicluna.
Shares in Great Portland Estates were up 0.5% at 701.80 pence on Monday.
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